Woodchuck Timber Pty Ltd grows, harvests and processes timber for use in the building industry. The following data relate to the company’s sawmill during June:
| $ | |
| Work in process, 1 June: | |
| Direct material | 130000 |
| Conversion | 360000 |
| Costs incurred during June: | |
| Direct material | 850000 |
| Conversion | 1380000 |
The equivalent units for June were as follows:
| $ | $ | |
| Weighted average | FIFO | |
| Direct material | 14000 | 8500 |
| Conversion | 3480 | 2000 |
a) Calculate the cost per equivalent unit, for both direct material and conversion, during June. Use weighted average process costing.
b) Repeat requirement 1 using the FIFO method.
Click on Buy Solution and make payment. All prices shown above are in USD. Payment supported in all currencies. Price shown above includes the solution of all questions mentioned on this page. Please note that our prices are fixed (do not bargain).
After making payment, solution is available instantly.Solution is available either in Word or Excel format unless otherwise specified.
If your question is slightly different from the above question, please contact us at info@myassignmentguru.com with your version of question.